|aPart one: Stocks and their value. Firm foundations and castles in the air -- The madness of crowds -- Speculative bubbles from the sixties into the nineties -- The explosive bubbles of the early 2000s -- Part two: How the pros play the biggest game in town. Technical and fundamental analysis -- Technical analysis and the random-walk theory -- How good is fundamental analysis? The efficient-market hypothesis -- Part three: The new investment technology. A new walking shoe: modern portfolio theory -- Reaping rewards by increasing risk -- Behavioral finance -- Is ?smart beta? really smart? -- Part four: A practical guide for random walkers and other investors. A fitness manual for random walkers and other investors -- Handicapping the financial race: a primer in understanding and projecting returns from stocks and bonds -- A life-cycle guide to investing -- Three giant steps down Wall Street -- Supplement: how pork bellies acquired an Ivy League suit: a primer on derivatives -- A random walker?s address book and reference guide to mutual funds and ETFs.
|aA Random Walk Down Wall Street has long been established as the first book to purchase when starting a portfolio. This new edition features fresh material on exchange-traded funds and investment opportunities in emerging markets; a brand-new chapter on "smart beta" funds, the newest marketing gimmick of the investment management industry; and a new supplement that tackles the increasingly complex world of derivatives.